Comtech Telecommunications Corp. (NASDAQ:CMTL) shares fell 1.4% during mid-day trading on Thursday . The company traded as low as $12.68 and last traded at $12.74, with a volume of 106,316 shares trading hands. The stock had previously closed at $12.92.

A number of brokerages have issued reports on CMTL. Zacks Investment Research downgraded Comtech Telecommunications Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, June 7th. BMO Capital Markets initiated coverage on Comtech Telecommunications Corp. in a research report on Monday, June 20th. They set an “outperform” rating and a $19.00 price target on the stock. Ladenburg Thalmann initiated coverage on Comtech Telecommunications Corp. in a research report on Friday, July 22nd. They set a “buy” rating and a $19.00 price target on the stock. Jefferies Group initiated coverage on Comtech Telecommunications Corp. in a research report on Tuesday, August 2nd. They set a “hold” rating and a $14.00 price target on the stock. Finally, Citigroup Inc. initiated coverage on Comtech Telecommunications Corp. in a research report on Wednesday. They set a “neutral” rating and a $13.00 price target on the stock. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $19.00.

The company’s market cap is $201.81 million. The stock has a 50 day moving average price of $13.21 and a 200 day moving average price of $18.90.

Comtech Telecommunications Corp. (NASDAQ:CMTL) last posted its earnings results on Wednesday, June 8th. The company reported ($0.89) EPS for the quarter, topping analysts’ consensus estimates of ($1.66) by $0.77. During the same quarter in the prior year, the firm posted $0.30 earnings per share. The firm earned $124.20 million during the quarter, compared to analysts’ expectations of $131.40 million. Comtech Telecommunications Corp.’s quarterly revenue was up 73.5% on a year-over-year basis. Equities analysts expect that Comtech Telecommunications Corp. will post ($0.81) earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 19th. Investors of record on Monday, July 18th were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, July 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.62%.

Comtech Telecommunications Corp. designs, develops, produces and markets products, systems and services for advanced communications solutions. The Company operates through three segments: telecommunications transmission, RF microwave amplifiers and mobile data communications. Its telecommunications transmission segment provides equipment and systems used for satellite transmission and enable wireless communications.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.